The COVID-19 situation is evolving quickly. Over the last several weeks, governments, communities, employers, and citizens all over the world have taken extraordinary actions to contain the novel coronavirus. Our thoughts go first to the victims, their families, and the health-care workers battling the outbreak.
Given the uncertainty of the situation, projections of the impact of COVID-19 on the economy as well as the real estate markets can only be preliminary. In this report, we review the reported impact of the outbreak and present a few observations as to how the situation in the real estate markets may develop throughout 2020.
This report was published as of 23/03/2020. Given the fluidity of the situation, Cushman & Wakefield Georgia will provide updates as pertinent information becomes available.